Why China is coming to Brunei’s aid as its oil slowly runs out
On a tiny island off Brunei’s northern tip on the South China Sea, thousands of Chinese workers are building a refinery and petrochemical complex, along with a bridge connecting it to the capital, Bandar Seri Begawan.
When completed, the first phase of the US$3.4 billion complex on Muara Besar island, run by China’s Hengyi Group, will be Brunei’s largest-ever foreign investment project and comes at a time when the oil-dependent country needs it the most.
Brunei’s oil and…
Source: China News
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